What a mess!
It has been proven without doubt that the financial industry cannot be trusted to regulate themselves. Therefore the government must set strict standards upon all our financial institutions.
It’s unconscionable to think of the amount of greed that filtered through the whole of the US financial system.
The only moral high ground for these institutions is a .001% tax put upon all Wall Street Transactions.
This money shall be put aside yearly as insurance for any future industry melt down.
In the future the financial industry will be required to bail themselves out.
The president must also appoint a Financial Czar who is free and independent of these financial institutions for at least 3 years and demonstrates no political bias. His or her salary and staff should be a modest amount paid for by this transaction tax.
Further, the interest made from this tax, placed into secure government bonds, will be applied towards a national jobs training fund.
Restitution must also be made for bad behavior. What a terrible burden this has put upon the lives of the American People and our children’s future.
For the immoral act of excessive greed and all the tools used to perpetrate scams, dirty dealings, outright lies and the hiding of ill gotten gains; islands or abroad, a cap on all profits which monies shall then be distributed towards the public good; education, health care and affordable housing until all markets have recovered to the financial state of 2005.
You can not gamble or speculate with the lives of the American People to the point of disrupting the majority of the public’s security, safety and happiness without making amends.
If these acts are not implemented soon, the public will forget and we will face this same situation again in the future.
Greed has it’s price.
more fail from the Bush Administration